CrazyZ
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Shift in global geopolitics and flood sympathy is what got Pakistan off. Pakistan has been compliant with Fatf since 2020.
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Exiting FATF grey list will have positive impact on Pakistan's economy, diplomacy, and politics: PM
- Thread starter FOOLS_NIGHTMARE
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Shift in global geopolitics and flood sympathy is what got Pakistan off. Pakistan has been compliant with Fatf since 2020.
COOKie LOOkie....
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wrong again.! it was bilawal who complied with FATF with their 34 rule agenda and fullil 32. it took him 3.5 years to pass the new legislation through parliament and crazy imran khan aka yahoodi agent walked out of the parliament session.
So all credit to his hard work.
Good job. Thank you.
Than U & Shabaz S are kutti kee nasal
if U are praising Robbers thiefs & mob mentality following chaos inside Pakistan
COOKie LOOkie....
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ofcourse they would be. i am just excited because FATF is also adding money laundered through real-estate means to their investigation as well. that wasn’t there before.
With that they will have the power to trace back alot of laundered money from developing countries to abroad.
Black.Mamba
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These were all the people who voted against FATF bill 
CrazyZ
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The troublemakers are the ones that claim to solve the problems. They are doing the same with Thar coal (a Musharraf initiative). The Bhutto's, Zardari's and Sharifs have been the primary economic hitman in Pakistan's history.
Black.Mamba
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They are just dramay baaz, I wonder what makes them think that everyone is dumb, deaf or blind.
@FOOLS_NIGHTMARE @muhammadhafeezmalik So your leader is called Imran Niazi now?
CrazyZ
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HAIDER
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lolllllll......after 6 month another negative rating ...
Thəorətic Muslim
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@FOOLS_NIGHTMARE How much lanat do you think you receive every time you post something as begarat as this?
Honestly questioning to all you patwaris.
Honestly questioning to all you patwaris.
muhammadhafeezmalik
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Off topic
FOOLS_NIGHTMARE
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Removal from FATF grey list to mend image, get IMF funds
- Analyst hails Pakistan's removal from FATF grey list.
- Removal likely to strengthen Pakistan’s position, says Arif Habib Limited.
- Development should help Pakistan raise external funding without any stringent conditions.
Since the International Monetary Fund (IMF) included the implementation of FATF action plans as a structural benchmark, the removal would make it possible for Pakistan to successfully complete the next review of the IMF’s Extended Fund Facility.
The FATF has delisted Pakistan from the grey list, as expected, but the country would continue to work with the FATF and Asia Pacific Group to improve its anti-money laundering (AML) and combating the financing of terrorism (CFT) framework.
FATF announced this decision after it concluded a two-day meeting in Paris on Friday.
However, in the latest move, the global ratings agency Fitch cut Pakistan’s sovereign credit rating by a notch to ‘CCC+’ from ‘B-’, citing a further deterioration in the country’s external liquidity and funding conditions and a decline in foreign exchange reserves.
The decrease comes three months after Fitch downgraded the country's outlook from “stable” to “negative” and revised down the ranking to B-. Fitch typically does not assign outlooks to sovereigns with a rating of ‘CCC+’ or below.
The immediate ramification of exiting in the grey list carries reputational implications for Pakistan, whose image was recently further dented by the downgrading of rating by international credit rating agencies like Moody’s, said Arif Habib Limited in a note.
“With the international community — investors, in particular, the removal from the grey list is likely to strengthen Pakistan’s position, especially with regards to the soundness of our financial systems, and help regain their confidence,” it said.
“Markets are expected to react positively to this news and overall sentiment is likely to remain upbeat for a while. Moreover, going forward, this should also help strengthen Pakistan’s case of re-rating and upgrading by the international credit rating agencies,” it added.
The implementation of FATF action plans was also part of a structural benchmark set out by the IMF in March which was met with a delay in June by Pakistan.
This means Pakistan complies with one more structural benchmark of the IMF, paving way for a successful ninth review which is due in November 2022 enabling the disbursement of special drawing rights (SDR) 894 million from the Fund, according to Arif Habib.
Being on the grey list has had direct ramifications on the economic front with different challenges arising during the tenure Pakistan stayed in this category. In terms of crippling trading opportunities to external debt rising, the graduation of the country from the grey list would help overcome these challenges, in the longer run, it noted.
Pakistan’s external financing requirements (including current account deficit) for FY2023 is slightly above $31 billion for this fiscal year against expected available financing (including IMF) of around $37 billion, as per the State Bank of Pakistan (SBP).
“This removal from the grey list should help Pakistan raise external funding without any stringent conditions and also persuade foreign direct investments in the country,” it explained.
However, Umair Naseer, an analyst at Topline Securities, does not see any major uptick in foreign direct investment and other capital flows in the country due to Pakistan’s removal from the grey list, but the significance of dealing with terror financing and money laundering in the last few years has increased manifold.
“The IMF has also stressed the importance of taking steps against money laundering and terror financing recently as these activities have negative consequences diverting financial flows from economically and socially productive uses,” Naseer added.
In its meeting held in June 2022, FATF had described Pakistan as largely compliant with the ‘34 action plans’ with respect to anti-money laundering and combating terror financing. In September, FATF technical team completed the on-site visit to Pakistan to verify the progress.
Pakistan's foreign office termed this visit smooth and successful raising expectations of Pakistan’s removal from the grey list.
The country was put on the grey list in 2018 because of increased counter-terrorist financing-related deficiencies after being removed from the list in 2015.
Removal from FATF grey list to mend image, get IMF funds
Markets are expected to react positively to this news and overall sentiment is likely to remain upbeat for a while, says analyst
www.geo.tv
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